Ppt on Black Money in India

1. Name of Members
Rahul Wadhwani 12
Raashi Budhwani 13
Rinku Chandwani 04
Reshma Panjabi 15
Devika Gupta 14
Pooja Chandwani 66
Sonal Jarkha 55
Ria Lalwani 31
Bhavesh Bhulchandani 11
Kunal Makhija 16
Rishi Dodeja 44

3. SR NO Title Slide No
1 Black Money 4 – 6
2 Reasons of Black Money 7-9
3 Total Black Money / Scams 10 – 12
4 Major Reasons 13
5 Consequences / Measures 14 – 15
6 Protest 16 – 20
7 Conclusion 21 - 23
INDEX

4. What is

5. 1. India $1.4Trillion
2. Russia $470 Billion
3. U.K $ 390 Billion
4. Ukraine $100 Billion
5. China $ 96 Billion

6.  Money Slashed in foreign 70 Lakh crores in foreign
countries .
 INDIA is a champion of black money .
 13 times of the foreign debt can be paid .
 45 crore poor people can get Rs 1 lakh each

7.  The people do not pay their taxes . Even if they pay
taxes , they are not in correct proportions to their
incomes , the tax evasion by corporate and industrial
houses are to the tune of billion of rupees .These
firms are able to make clever usage of the income tax
rules and hence they save taxes .This tax leads to the
generation of BLACK MONEY .

8.  Corruption in various ministries generally misusing
the minister posts to take privilege of favouring for
themselves or for members of the family or other
considerations gainful for them .
 Major contracts in defense , power , road ,
telecommunications , railway projects and tenders in
public sectors .

9.  The Black Money is earned by gift , hawala
transactions and illegal foreign exchange deals .
These deals are not scrutinized by the government
simply because these are without any documentary
evidences .

10.  Black money and Corruption are two sides of the
same coin .
 Dishonest Industrialists , Scandalous politicians and
Corrupt officials have deposited in Foreign banks in
their illegal personal accounts a sum of about
$1500 Billion

11.  Swiss Bank revealed INDIA has more money than rest of
the worlds .
 The Second highest Russia has 4 times lesser Black
Money as compared to INDIA .
 U.S is not even there in the counting in top five .
 INDIA has more money in swiss banks than all the other
countries combined.

12. 1. 2G Spectrum Scam
2. Commonwealth games Scam
3. Coal Gate Scam
4. Satyam Scam
5. IPL Scam

13. 1. High Rates of taxes .
2. ComplicatedTax-Laws .
3. Numerous controls , Licenses and other governmental
regulations.
4. Lack of control by the government .
5. Lack of awareness among public .

14.  Poverty.
 Inflation.
 Reduces Development.
 Illegal transfer of funds from India to other
countries.

15.  Simplify/ Rationalize tax laws.
 Reduce red tapism.
 Use technology for economic intelligence.
 Co-ordination with other countries.
 Stringent laws to curb money corruption.
 Creation of awareness among students on the evil of black
money.
 Regulation on election spendings and donation to political
parties /organizations .

16. Baba Ramdev’s Satyagrah against Black Money

17. Baba Ramdev was first to raise the issue of
black money publicly in 2008 . Before the
assembly elections of 2009 . Estimations
indicate a total of Rs 400 lakh crore or nearly
9 trillion USD of Indian Black money outside
the country .

18. Baba Ramdev launched the Bhrasthachar Mitao Satyagrah
which was held at Ramlila Maidan New Delhi on 4 June 2011
Key demands were :-
 Declare all illegal wealth/Black money lying in foreign
countries , which belongs to indians at National Property
 Declaring money laundering as a National Crime .
 Sign and ratify the United Nations Convention Against
Corruption , pending since 2006 .
 Recall Rs 1000 and Rs 500 notes to curb corruption , bribery
and illegal flow of money in the internal economy of the
country .

19.  5 June 2011 at midnight , police raided the grounds when most protesters
were sleeping and Ramdev was busy at a meeting with his core group .
 A large police force lobbed tear gas shells , burned the place and
lathicharge the crowd at 1 am to exit them .
 Delhi police arrested Ramdev , who was disguised in a salwar Kameez
with a group of female protestors heading peacefully towards the New
Delhi Railway Station .
 Ramdev was held in a government guesthouse for a few hours and then
sent to Dehradun in a BSF aircraft .

20. Baba Ramdev ended his fast on the ninth day by drinking a
glass of juice at Himalayan Institute of Medical Sciences ,
Dehradun

21.  Black money has created a big black hole in the indian
economy and the entire burden is beared by the common
people of India .
 To stop Corruption which creates black money , we the
people of India have to come forward to fight against
Corruption .